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Loans

THE £60 BILLION LOAN WRITE-OFF

It’s Budget Day on April 22nd and Chancellor Alistair Darling’s date with destiny is expected to include some good news for people with loans.

The bad news is that the people with loans who are going to be celebrating are bankers – and the even worse news is that the Chancellor is expected to say up to £60 billion of the cash loaned in bailouts to the banks is going to be written off.

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BIGGER IS BETTER

If you were studying at the G20 school of finance last week then the obvious lesson was that bigger is better.

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FAILURE TO HAGGLE ON THE PRICE OF NEW CARS COULD COST MOTORISTS OVER £200 MILLION

The number of people looking to haggle on the price of a new car over the next six months has increased significantly, according to new research from Sainsbury’s Finance, but car buyers could collectively still overpay by more than £200 million(1) because they are not prepared to haggle more on price.

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BORROWERS PUNISHED DESPITE BASE RATE PLUMMETING

Borrowers are facing rate hikes from loan providers, despite the Bank of England pushing the base rate down to an historic low, according to MoneyExpert.com.

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Banking

LOSING BIG

They’re not really in a position to whinge, but oli garchs and oil tycoons across the world have lost out big time as a result of the credit crunch.

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JOHN SERGEANT WALTZES OFF

In recent weeks we’ve weathered financial crisis and broadcasting scandal but nothing has enraged the nation as much as John Sergeant’s shock exit from the BBC’s Strictly Come Dancing.

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CHARGES FOR GOING INTO THE RED INCREASE 20% IN ONE YEAR

Bank customers who exceed their overdraft can expect an extra £5 in charges for every transaction which pushes them into the red this Christmas*

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BANKS PUT THE SQUEEZE ON OVERDRAFTS

Interest charges on authorised overdrafts have climbed by an average 1.35 per cent since June this year as banks put the squeeze on borrowers, new analysis from MoneyExpert.com shows.

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Credit Cards

BIGGER IS BETTER

If you were studying at the G20 school of finance last week then the obvious lesson was that bigger is better.

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GETTING THE CHOP

Credit card companies are cutting down their lending books and reducing credit limits where they can. A new study suggests that as many as 2.7 million people have had their credit limit reduced in the last six months.

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BORROWERS PUNISHED DESPITE BASE RATE PLUMMETING

Borrowers are facing rate hikes from loan providers, despite the Bank of England pushing the base rate down to an historic low, according to MoneyExpert.com.

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GOVERNMENT DEBT CRACKDOWN - BUT NOT ITS OWN DEBT

New Government laws are on the way to help stop borrowers running up massive debts – unless of course it’s the Government itself.

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